Uncategorized

ABU DHABI / WAM The Department of Government Support, which is represented by the Abu Dhabi Digital Authority (ADDA) announced the full availability of Department of Economic Development “Commercial Licences” through Abu Dhabi Government Services ecosystem, “TAMM”, allowing business owners to easily access services and complete transactions digitally. The Department of Economic Development, ADDED, is the first government entity that ...

Bloomberg Thousands of health officials across India are racing to identify people connected to at least 10 virus hotspots, as the infection rate continues to climb in the world’s second most populous country. In the capital New Delhi, more than 8,500 Muslims attended a gathering in mid-March that is now the focus of an urgent contact tracing effort stretching though ...

Bloomberg Phuket in Thailand is on lockdown, with most transportation to the island banned, in the latest effort to contain the spread of the novel coronavirus in the usually popular tourist destination. The order will last for at least one month, according to Phuket Governor Pakkapong Taweepat. Boats, cars and trucks providing essential goods and services are exempted. Restricting access ...

Bloomberg Germany’s efforts to limit the economic damage from a prolonged coronavirus shutdown are gathering steam, as aid applications pour in and officials seek a path to restart all-important auto production. Under a government program aimed to providing strapped businesses with financial liquidity, 2,500 companies have requested a total of 10.6 billion euros ($11.6 billion) in aid, according to state ...

Bloomberg The global economic slowdown is causing the biggest drop in food prices since 2015 as demand shrinks for everything from dairy to sugar. The FAO Food Price Index, a global gauge of prices, dropped 4.3% in March, the United Nations’ Food & Agriculture Organisation said. That’s the steepest decline since August 2015. Food costs fell as government restrictions on ...

Bloomberg The number of Spaniards filing for jobless claims surged in March, the latest example of how the coronavirus pandemic is upending people’s livelihoods around the world. The increase in jobless hits particularly hard in Spain, where the unemployment rate is already 13.8%, among the highest in the developed world. The Labour Ministry said claims rose by 302,265 people in ...

Bloomberg President Donald Trump said he doesn’t support mail-in voting as a way to limit the spread of the coronavirus, arguing that sending ballots increases the likelihood of fraud. “I think a lot of people cheat with mail-in voting,” Trump told reporters at the White House. “I think people should vote with voter ID. I think voter ID is very ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired a video meeting with HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and a number of UAE ambassadors to review the country’s diplomatic missions overseas amid the ongoing global efforts ...

Dubai / WAM Dubai Aerospace Enterprise, DAE, has announced that it ended Q1 2020 with available liquidity of approximately $2.8 billion. DAE’s owned, managed and mandated-to-manage fleet exceeded 400 aircraft. During the said period, DAE sold or novated 15 aircraft, acquired 4 aircraft and transitioned or extended leases on 8 aircraft. Commenting on the announcement, Firoz Tarapore, DAE’s Chief Executive ...

ABU DHABI / WAM In response to the high level of commitment shown by the public with the precautionary measures to restrict traffic movement, the Ministry of Interior (MoI) decided to suspend all federal and local permits, and online applications for vehicles during the National Disinfection Programme, including the federal movement permit service, ‘Tajawal’ or ‘Move’. The move comes as ...